According to PANews, CoinShares' latest weekly data shows that digital asset investment products saw net inflows for the second consecutive week last week, totaling $321 million. This surge is likely due to the more dovish-than-expected comments from the Federal Open Market Committee (FOMC) last Wednesday, including a 50 basis point rate cut. As a result, total assets under management (AuM) increased by 9%. Total investment product trading volume reached $9.5 billion, up 9% from the previous week.
Bitcoin was the main focus, attracting $284 million in net inflows, but recent price volatility also prompted $5.1 million in net inflows to short Bitcoin investment products. Ethereum remained an outlier, seeing net outflows for the fifth consecutive week, totaling $29 million last week. This was due to continued outflows from the existing Grayscale Trust and minimal inflows from newly issued ETFs. Meanwhile, Solana investment products continued to see small but steady weekly net inflows, totaling $3.2 million last week.
